China's CN¥4 trillion post-crisis stimulus has been widely criticized for leading to excessive monetary growth. But the policy also helped to expand China’s foreign trade and boost its external financial strength, thereby creating space for the current government to pursue its ambitious reform agenda.
SHANGHAI – In March of last year, the first session of China’s 12th National People’s Congress began with then-Premier Wen Jiabao delivering his tenth and final “report on the work of the government.” When he had finished, the 3,000 representatives in attendance gave him a resounding ovation that was surely a response to more than the report; it was a display of praise and respect for his achievements as the head of China’s government.
SHANGHAI – In March of last year, the first session of China’s 12th National People’s Congress began with then-Premier Wen Jiabao delivering his tenth and final “report on the work of the government.” When he had finished, the 3,000 representatives in attendance gave him a resounding ovation that was surely a response to more than the report; it was a display of praise and respect for his achievements as the head of China’s government.